When it crossed 10590's & channel top & started behaving very weird with all choppy moves right at previous support zone 10900-10925- I raised an alarm saying all is not good with such moves & we should be careful- Polarity Reversal - all in my update @22:30 Hrs -4th March2017 - Has the Up -Up & Away started
Channel from Magical numbers 9295 - 9592
Confusion as Infosys was also doing the same in the middle of the March 2017 - how I predicted that Infosys going for a big fall from 1040-1045 (Read All Infosys Connecting pieces in my profile page) - which was evident with low registered on 13th April2017 below 930.
What Next? The channel bottom should support along with critical level if CNX IT has to be bullish else it can be a bigger problem for the IT index.
Trade active
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22:35 Hrs 25th April2017
Last price@10091
Made a low on channel bottom@9901 & took U-Turn
Comments
butterfly87
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Hi Abhishek H. Singh, should i enter infy at current level or wait for more downside to buy. what would be good level to enter infy?
WaveTalks
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@butterfly87, Infy to enter for what trade buy or sell?
WaveTalks
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@AbhishekHSinghCMT, Buying - It has to cross 1040 -if you are looking higher else every bounce is a sell & going below 900 which is critical level can take Infy deep down.
butterfly87
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@AbhishekHSinghCMT, Thank you...for your advice.
WaveTalks
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@butterfly87, Long Term Buying in Infy was above 1040 but if it protects 920 downside -Likely it starts big upside next.
butterfly87
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@AbhishekHSinghCMT, Ok.Infy @950 CMP...will start buying for long term..now..thanks. also i follwed your tech mahindra call at 410 level bought @410. should i exit now @440 or wait for long term upmove. dont mind holding for 3-4 months.